To reduce costs, in a legal way, is a most important task of every accountant.
It’s often called “Cost Accounting” and some companies employ professionals that collect, analyze, summarize and evaluate various alternative courses of action the managers can take, in order to minimize the expenses and maximize the savings. The name of the role is “Cost Accountant”. However, each good accountant should be able to give an advice on how to reduce expenses and maximize savings of the business. Are you ready to do it?
Talk about a situation from the past
It is a behavioral question–They inquire about the situation from the past. You should find a situation in which you helped your employer to reduce expenses, a real situation from your job.
First job application?
If you apply for your very first job, it will be difficult to speak about a situation from the past, since you have no experience. But you should still say something, to show them that you at least have some idea on how to minimize the expenses. The most simple way of doing it is connected to purchasing various good at the right time, and connecting it with appropriate depreciation methods.